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Extreme TMA System

  • #2,481
  • Mar 1, 2012 11:35am Mar 1, 2012 11:35am
The reason many of you are getting the EURUSD tag on every chart bottom left is you are missing this indicator. It was not in the last packet.
Attached File(s)
File Type: mq4 Display symbol and timeframe.mq4   78 KB | 799 downloads
  • #2,482
  • Mar 1, 2012 11:37am Mar 1, 2012 11:37am
Quoting faxxion
Hello Greg,

Having small sub accounts that limit Alfredo's loss to 4% of his trading capital is how he manages his risk. He say's that is how the big players keep the bulk of their capital segregated from excessive loss. For us mere mortals we just use a stop loss. It is not an integral part of the system.

William
Ha! Yeah put me in the mere mortal line, the long one!

cheers
  • #2,483
  • Mar 1, 2012 11:44am Mar 1, 2012 11:44am
Quoting shahrooz67
You are welcome
Please download the latest one . it is the correct one.
Ok, but Which one? TMA slope V.1.3.? because this one was attached by Al on Packet file...Thanks again!
Bye from Brazil
If I Change, the whole World changes!
  • #2,484
  • Mar 1, 2012 11:47am Mar 1, 2012 11:47am
Quoting crodzilla
Blocked the background of the grid, so the candles don't get in the way.
Buy means price is below the band. Sell, above.
Green Buy/Sell, means the TMA trend is up.
Red Buy/Sell, means the TMA trend is down.

As someone has found out... if a program you have installed has modified the system fonts, the grid will not show up properly. I am using the "Ariel" and "Webdings" system fonts.

I have removed the Monthly and Weekly timeframes per Al.

Carl
Great work!

Would it be possible to monitor more than 8 pairs? That would be very nice.
  • #2,485
  • Edited 11:52am Mar 1, 2012 11:49am | Edited 11:52am
Quoting Alorente
What I just told you in the past 30 minutes will make you a lot of money in your Forex trading life if you make it a habit to scan all the pairs until it becomes second nature. Never allow yourself to become fixated on one pair. Like a pilot in the clouds, you have to constantly scan all the instruments. Getting fixated on only one can spell death.
I want to show you my idea 4 scanning the market and see force/weakness of currencies. I remember that someone mentioned this broker (SIGTRADER) that has these indexes created with correlation between the 8 most common currencies. I applied to them the TMA template (as I adjusted 4 me TMA bands are the thick green ones)

I attache two pics for example
Hope it can help

Notice that LFXJPY (only) is the index of other 7 currencies against JPY so: LFXJPY STRONG JPY WEAK and so on...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 010312A.PNG Size: 157 KB
Click to Enlarge Name: 010312B.PNG Size: 116 KB
  • #2,486
  • Mar 1, 2012 11:51am Mar 1, 2012 11:51am
Enhorabuena Alfredo por tu sistema es de lo mejorcito que he visto. Sigue así y muchisimas gracias por compartirlo con todos nosotros. Lo único que siento es no poder aportar nada debido a mi poca experiencia como trader pero desde aquí darte las gracias por tu aporte desinteresado.

Sigue así Campeón...
  • #2,487
  • Mar 1, 2012 11:57am Mar 1, 2012 11:57am
Quoting crodzilla
Blocked the background of the grid, so the candles don't get in the way.
Buy means price is below the band. Sell, above.
Green Buy/Sell, means the TMA trend is up.
Red Buy/Sell, means the TMA trend is down.

As someone has found out... if a program you have installed has modified the system fonts, the grid will not show up properly. I am using the "Ariel" and "Webdings" system fonts.

I have removed the Monthly and Weekly timeframes per Al.

Carl
HI Carl

You are great with programming

One of your fans

Shahrooz
  • #2,488
  • Mar 1, 2012 12:00pm Mar 1, 2012 12:00pm
Quoting crodzilla
Blocked the background of the grid, so the candles don't get in the way.
Buy means price is below the band. Sell, above.
Green Buy/Sell, means the TMA trend is up.
Red Buy/Sell, means the TMA trend is down.

As someone has found out... if a program you have installed has modified the system fonts, the grid will not show up properly. I am using the "Ariel" and "Webdings" system fonts.

I have removed the Monthly and Weekly timeframes per Al.

Carl
Carl, it was me that had the sizing problem with your last version of the dashboard.
I have never knowingly changed the font on this PC which is less than a year old.

I expected the same problem with this one and was going to post a question on a computer help forum for dummies (me) about how to get Ariel as my default so that I could view the v6 properly but the v6 is showing everything perfectly except the white top row, and I can live with that.

I am so pleased, thank-you for all the work.
  • #2,489
  • Mar 1, 2012 12:01pm Mar 1, 2012 12:01pm
Quoting Forex Girl
Ok, but Which one? TMA slope V.1.3.? because this one was attached by Al on Packet file...Thanks again!
Bye from Brazil

AL is going to post it soon here
  • #2,490
  • Mar 1, 2012 12:03pm Mar 1, 2012 12:03pm
Quoting corvogrigio
I want to show you my idea 4 scanning the market and see force/weakness of currencies. I remember that someone mentioned this broker (SIGTRADER) that has these indexes created with correlation between the 8 most common currencies. I applied to them the TMA template (as I adjusted 4 me TMA bands are the thick green ones)

I attache two pics for example
Hope it can help

Notice that LFXJPY (only) is the index of other 7 currencies against JPY so: LFXJPY STRONG JPY WEAK and so on...

No need to change your broker !

I have the indicator which shows exactly what sigtrader does and you can drp it on your charts on any broker
  • #2,491
  • Mar 1, 2012 12:04pm Mar 1, 2012 12:04pm
Quoting Forex Girl
Hello Friends!

I have studied this thread and looking behind the scenes. Alfredo, I would like to congratulate you for the excellent system and all those who are contributing for the improvement. Shahrooz, Great job with the TMA Slope indicator.

Bye
Thanks, ForexGirl.

I hope it is making pips for you. Let me know if I can help you with anything.
Observation is the path to discovery.
  • #2,492
  • Mar 1, 2012 12:05pm Mar 1, 2012 12:05pm
Quoting Alorente
That is a good suggestion. We will work on it and If it looks like it will be of help, we will change it on version 1.4 which will probably include voice alarms also. Yes, you can turn them off if you so desire, I can imagine me with 18 charts and getting 18 female voices: "Slope is down, slope is up..."
Actually, I think it needs to be a combination of both. It needs to show at a glance the bias AND the slope. What I would ideally like to see is this:

1. Graph displayed as it is now, but with these colours:

0 to +0.5 = subtle, dark green
Above 0.5 = bright lime green
0 to -0.5 = dark red
Below -0.5 = bright red

That will easily show the trading bias and give a heads-up whether it's a strong or weak trend.

2. A large arrow painted next to the numbers to show the slope. So, it would point up if the graph is rising and vice versa.

So for a short trade, you just have to look for red (dark or bright), a down arrow and the price above the top line + near a resistance level.

Also, I think it would be a good idea to add an indicator to the default set to show big round numbers (1.3300, 1.3400 etc.) Price very often makes a U-turn when it hits one, so they are are at least as valid as the pivots, especially if you're trading M1 or M5. Can anyone suggest a good indicator for this?

PB
  • #2,493
  • Mar 1, 2012 12:06pm Mar 1, 2012 12:06pm
Quoting bluewatercat
pixelboy,

If I'm not mistaken, one of the key features needed to make this work is the ability to move money from one account to the other. I spoke with Oanda some time ago about this and they did not have an easy solution for moving money between the accounts. Is this still the case?

Greg
With FxPro that is a simple matter. I think Oanda does it too.
Observation is the path to discovery.
  • #2,494
  • Mar 1, 2012 12:08pm Mar 1, 2012 12:08pm
Quoting shahrooz67
No need to change your broker !

I have the indicator which shows exactly what sigtrader does and you can drp it on your charts on any broker
Really ??? It would be nice......is it settable too? In order to have JPY against the other currencies instead of the contrary like it is in SIG?

Thank u in advance

PS I just use SIGTRADER in demo just to have fast access to the template with the 8 currencies
  • #2,495
  • Mar 1, 2012 12:09pm Mar 1, 2012 12:09pm
Quoting pixelboy
Also, I think it would be a good idea to add an indicator to the default set to show big round numbers (1.3300, 1.3400 etc.) Price very often makes a U-turn when it hits one, so they are are at least as valid as the pivots, especially if you're trading M1 or M5. Can anyone suggest a good indicator for this?

PB
Here is a nice one, have fun!
Attached File(s)
File Type: mq4 Grid Builder.mq4   3 KB | 552 downloads
  • #2,496
  • Mar 1, 2012 12:09pm Mar 1, 2012 12:09pm
Quoting corvogrigio
That in italian sounds:" better an egg now than a chicken tomorrow"

Well...starting now to read the new 20 pages I missed since this mornig...let's see whats happened

Al,
by the way, .....i read this morning you were suggesting to another of us that like me has only few hours 4 trading to refer to H1 timeframe. Do you exclude the H4 timeframe ? Or would it be too suitable 4 me under certain conditions ?

(I usually can attend trading all day on monday only- a flat day usually sigh- and I'm off in the other days from 9 am to 4 pm gmt.)

Sorry...
Corvo,

H4 will work just as well, if you have the patience for it.
Observation is the path to discovery.
  • #2,497
  • Mar 1, 2012 12:13pm Mar 1, 2012 12:13pm
Quoting crodzilla
Yea, there are some unwritten mq4 programming "things" you have to do to get that to work. Trial and error.

I spend more time keeping up with this thread... 20 pages this morning...

Carl
IŽve been studying it. I like it. Its counter intuitive but one can get used to Buy/Sell in the opposite colors. It will take a little practice.

Is it possible to make the font bold? My eyes are not what they used to be.

Are you done now or will still be adding features?

Thanks Carl. You are really special.
Observation is the path to discovery.
  • #2,498
  • Mar 1, 2012 12:14pm Mar 1, 2012 12:14pm
Quoting FatherJack
Sounds acceptable Anyway's here's what I managed to do - Slope direction in the candles! :nerd:
Go for more bells and whistles!
FatherJack's candles are pretty helpful with this method. They change colors when the TMA slope changes direction.

Surprised more comments haven't been posted. I like them.

Thanks Father!

Steve
  • #2,499
  • Mar 1, 2012 12:15pm Mar 1, 2012 12:15pm
Quoting Connected
if the price action is hovering around the central Blue TMA line this means that we are waiting for price action to move upto the outer bands so we csan go long/short?

Also what do the green arrows mean please?

Thanks again!
1- Yes.

2- The Green arrows indicate the first bar where the Slope is increasing as compared to the previous bar.
Observation is the path to discovery.
  • #2,500
  • Mar 1, 2012 12:16pm Mar 1, 2012 12:16pm
Quoting faxxion
Hello Greg,

Having small sub accounts that limit Alfredo's loss to 4% of his trading capital is how he manages his risk. He say's that is how the big players keep the bulk of their capital segregated from excessive loss. For us mere mortals we just use a stop loss. It is not an integral part of the system.

William
Thanks for the help, William.

Watch out or IŽll end up recruiting you to help me run this thing.
Observation is the path to discovery.
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